Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Site Notices
Arrow Left Previous Page
Page / 2
Posted: 4/17/2006 12:17:33 PM EST
Oil prices settled at a record high above $70 a barrel on Monday, rising more than $1 on concerns about supply disruptions in Nigeria and diplomatic tensions between the West and Iran over Tehran's nuclear ambitions.



Thank you Nigeria and Iran.
Link Posted: 4/17/2006 12:18:41 PM EST
Link Posted: 4/17/2006 12:18:49 PM EST
I'm lovin' it, the exxon stock is up again today!
Link Posted: 4/17/2006 12:19:09 PM EST

I've been meaning to buy a large SUV. This should make it easier to find some good used ones.

Link Posted: 4/17/2006 12:19:48 PM EST
Nice chart. It's so scientifikee,
Link Posted: 4/17/2006 12:20:02 PM EST

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg


Why is it no one realizes on a S&D chart the supply and demand curves dont go in the same direction?
Link Posted: 4/17/2006 12:21:57 PM EST

Originally Posted By sWs2:

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg


Why is it no one realizes on a S&D chart the supply and demand curves dont go in the same direction?


It's a Napoleon Tanerite Chart.
Link Posted: 4/17/2006 12:25:22 PM EST

Originally Posted By sWs2:

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg


Why is it no one realizes on a S&D chart the supply and demand curves dont go in the same direction?



because there is not a finite supply of oil. as demand increases, available supply does as well to meet that demand, but the cost of generating that available supply increases as well to eventually exceed the demand.


and on a different note: just think, GM cut the zeta platform (GTO and possibly the new camaro) so they can speed new SUVs and large trucks to the market
Link Posted: 4/17/2006 12:27:47 PM EST

Originally Posted By DK-Prof:
I've been meaning to buy a large SUV. This should make it easier to find some good used ones.




I have been wanting an H2 since they came out, for collector's purposes of course...
Link Posted: 4/17/2006 12:28:13 PM EST
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.
Link Posted: 4/17/2006 12:29:41 PM EST
Maybe, just maybe, if we quit sucking it up like it's going out of style....
Link Posted: 4/17/2006 12:29:54 PM EST

Originally Posted By Napoleon_Tanerite:

Originally Posted By sWs2:

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg


Why is it no one realizes on a S&D chart the supply and demand curves dont go in the same direction?



because there is not a finite supply of oil. as demand increases, available supply does as well to meet that demand, but the cost of generating that available supply increases as well to eventually exceed the demand.


and on a different note: just think, GM cut the zeta platform (GTO and possibly the new camaro) so they can speed new SUVs and large trucks to the market


Yeah but still.
en.wikipedia.org/wiki/Supply_and_demand
Link Posted: 4/17/2006 12:30:28 PM EST

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



FILTHY SOCIALIST!

WHY DO YOU HATE CAPITALISM AND FREEDOM SO MUCH!!!????
Link Posted: 4/17/2006 12:32:19 PM EST
Link Posted: 4/17/2006 12:33:27 PM EST
[Last Edit: 4/17/2006 2:30:47 PM EST by Slick44Magnum]

Originally Posted By Napoleon_Tanerite:

Originally Posted By sWs2:

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg


Why is it no one realizes on a S&D chart the supply and demand curves dont go in the same direction?



because there is not a finite supply of oil. as demand increases, available supply does as well to meet that demand, but the cost of generating that available supply increases as well to eventually exceed the demand.




Well to be a pain in the ass, for a classic Supply/Demand chart, Price would be Y-Axis and Quantity X-Axis; price wouldnt be represented on the graph. This would result in the supply/demand curves intersecting somewhere evenetually (think equilibrium point), so theyd form an "X" shape if you will.
Im sure someone better at economics could add their 2cents, thats just what i remember from class.

Edit: Yeah just see the pretty graphs above.
Link Posted: 4/17/2006 12:33:43 PM EST

Originally Posted By tripledouble:
www.superhonda.com/photopost/data/519/supply.JPG


The blue line in your graph represents supply, while the red is demand only.. where they meet is equilibrium price...
Link Posted: 4/17/2006 12:34:33 PM EST

Originally Posted By fossil_fuel:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



FILTHY SOCIALIST!

WHY DO YOU HATE CAPITALISM AND FREEDOM SO MUCH!!!????



I don't know. It just seems like there fucking us in the asses thats all. I don't like getting raped by some oil company. Fucking capitalism always fucks you in the long run.
Link Posted: 4/17/2006 12:34:44 PM EST
NutOfGuns,

Sir, please stay away from sharp objects and have someone lock up your firearms. Your ignorance of business, economics, and the proper role of government is ass-tounding.
Link Posted: 4/17/2006 12:35:26 PM EST

Originally Posted By tripledouble:
www.superhonda.com/photopost/data/519/supply.JPG



I think your chart is backwords well if you refer to oil it is right.
Link Posted: 4/17/2006 12:35:53 PM EST
it IS still a MS paint chart afterall.... it's not like i ripped it out of an economics text book... the general principles still apply however.
Link Posted: 4/17/2006 12:36:06 PM EST
[Last Edit: 4/17/2006 12:44:45 PM EST by fossil_fuel]

Originally Posted By Napoleon_Tanerite:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg



what people don't seem to understand is that oil is not just any commodity which is produced in a factory or any other natural resource which is mined from the ground. you can't shift production as high as you want to or produce it as fast as you can drill holes in the ground. if you use water injection and pump a well too quickly, you can permanently damage the reservoir and reduce the amount of recoverable oil it contains.

yes, you can always spend more on exploration, but large discoveries are becoming more and more rare. yes, there is lots of oil to be had from tar sands and shale, but it's "scraping the bottom of the barrel" as far as oil resources go, because it is very difficult to extract. for tar sands extraction, for example, massive amounts of natural gas and/or electricity is needed - and in order to fully exploit this resource, it's quite possible that several nuclear power stations would have to be built - which would take years, if not decades.

the problems we are seeing now are due to imbalances in supply versus demand. moreso than in most industries, supply cannot immediately be increased to meet demand, there is quite a bit of lag time in order to exploit new sources of oil. as such, we can expect to see high prices or even shortages for the time being.
Link Posted: 4/17/2006 12:37:10 PM EST
[Last Edit: 4/17/2006 12:39:30 PM EST by NutOfGuns]

Originally Posted By Will-Rogers:
NutOfGuns,

Sir, please stay away from sharp objects and have someone lock up your firearms. Your ignorance of business, economics, and the proper role of government is ass-tounding.



I know that the goverment is sapose to stay away from business but you have a oil person in the White House and you don't think he is loving every second of this?\

Remember theese days?Gas.

Link Posted: 4/17/2006 12:39:16 PM EST
My Jeep gets 13 MPG and I don't give a crap!
Link Posted: 4/17/2006 12:40:29 PM EST
[Last Edit: 4/17/2006 12:40:45 PM EST by MTUSA]
Looks like the General will be giving away new trucks again
Link Posted: 4/17/2006 12:41:21 PM EST

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



That's better than my FJ40...

Link Posted: 4/17/2006 12:41:33 PM EST
[Last Edit: 4/17/2006 12:42:54 PM EST by NutOfGuns]

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



Hey you can drive a 169 miles with that if it has a 10 gallon fuel tank. Thats like from the gas station in new york city to the one almost in boston.

The oil company is going to put them sells out of business. I hope the car companies just help them a little bit that is help them go out. I would like one of those hydrogen cars.
Link Posted: 4/17/2006 12:42:45 PM EST

Originally Posted By NutOfGuns:

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



Hey you can drive a 169 miles with that if it has a 10 gallon fuel tank. Thats like from the gas station in new york city to the one almost in boston.



Link Posted: 4/17/2006 12:44:03 PM EST
[Last Edit: 4/17/2006 12:46:33 PM EST by NutOfGuns]

Originally Posted By Napoleon_Tanerite:

Originally Posted By NutOfGuns:

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



Hey you can drive a 169 miles with that if it has a 10 gallon fuel tank. Thats like from the gas station in new york city to the one almost in boston.



www.p0stwh0res.com/images/captainobvious.jpg




Thats what I drive. (the big one)

I get .245 miles to the gallon.

Edit: And my tank gets .2 miles to the gallon.
Link Posted: 4/17/2006 12:56:19 PM EST

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



That's a genuis move, then the oil companies can't afford to explore for more reserves and build new platforms. Then the supply dries up and we have no more gas cause the oil companies didn't find any more.
Link Posted: 4/17/2006 12:58:47 PM EST

Originally Posted By SMProud:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



That's a genuis move, then the oil companies can't afford to explore for more reserves and build new platforms. Then the supply dries up and we have no more gas cause the oil companies didn't find any more.



Umm, then we would be forced to switch to hydrogen or something. Gas isn't good for anything. Im sure they have plenty of money.
Link Posted: 4/17/2006 1:02:16 PM EST

Originally Posted By NutOfGuns:

Originally Posted By SMProud:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



That's a genuis move, then the oil companies can't afford to explore for more reserves and build new platforms. Then the supply dries up and we have no more gas cause the oil companies didn't find any more.



Umm, then we would be forced to switch to hydrogen or something. Gas isn't good for anything. Im sure they have plenty of money.



Link Posted: 4/17/2006 1:04:29 PM EST
the higher the better. will bring out alternatives. alternatives give us the ability to tell the middle beast and venezuela to FOAD.................
Link Posted: 4/17/2006 1:06:03 PM EST

Originally Posted By NutOfGuns:

Originally Posted By SMProud:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



That's a genuis move, then the oil companies can't afford to explore for more reserves and build new platforms. Then the supply dries up and we have no more gas cause the oil companies didn't find any more.



Umm, then we would be forced to switch to hydrogen or something. Gas isn't good for anything. Im sure they have plenty of money.



durrr. oil costs 70 bucks a barrel. a barrel holds how many gallons?? i'll give you a clue, it's a lot less than $70/$1.03 gallons/barrel.
Link Posted: 4/17/2006 1:06:43 PM EST

Originally Posted By fossil_fuel:

what people don't seem to understand is that oil is not just any commodity which is produced in a factory or any other natural resource which is mined from the ground. you can't shift production as high as you want to or produce it as fast as you can drill holes in the ground.



It has already come out that some Big-Money types have realized this. They understand that they can speculate in oil, drive up the prices, dump and make a ton of cash in the short term (<5yrs).

There is no shortage of supply driving up prices, it is all speculation driving the prices. You WILL pay. These guys DO have you by the balls, at least in the near term.

Google "richard rainwater oil".




the problems we are seeing now are due to imbalances in supply versus demand. moreso than in most industries, supply cannot immediately be increased to meet demand, there is quite a bit of lag time in order to exploit new sources of oil.



As I said, the problem is not with supply, it's with speculation.



we can expect to see high prices or even shortages for the time being.



No, as long as the prices are this high, we won't ever see a shortage!
Simple economics.


Link Posted: 4/17/2006 1:09:17 PM EST

Originally Posted By Napoleon_Tanerite:

Originally Posted By NutOfGuns:

Originally Posted By SMProud:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



That's a genuis move, then the oil companies can't afford to explore for more reserves and build new platforms. Then the supply dries up and we have no more gas cause the oil companies didn't find any more.



Umm, then we would be forced to switch to hydrogen or something. Gas isn't good for anything. Im sure they have plenty of money.



i37.photobucket.com/albums/e86/ibdmentd/haveyouheard.jpg



+
Link Posted: 4/17/2006 1:22:02 PM EST

Originally Posted By NutOfGuns:

Originally Posted By fossil_fuel:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



FILTHY SOCIALIST!

WHY DO YOU HATE CAPITALISM AND FREEDOM SO MUCH!!!????



I don't know. It just seems like there fucking us in the asses thats all. I don't like getting raped by some oil company. Fucking capitalism always fucks you in the long run.



dear god--no one can be this stupid. this has to be someone's joke/troll alias.

in the unlikely event that you actually feel this way, remember this:

you are responsible for anything that happens to you.

if you are getting "fucked in the ass" by capitalism, it is simply because you are too weak to take care of yourself.

you have the ability to invest in oil companies, and thus use the current pricing to your advantage. you have this ability because we live in a nation of freedom.

so cowboy up and take charge of your own life.

if you don't, you deserve to get fucked.
Link Posted: 4/17/2006 1:40:44 PM EST

Originally Posted By fossil_fuel:

what people don't seem to understand is that oil is not just any commodity which is produced in a factory or any other natural resource which is mined from the ground. you can't shift production as high as you want to or produce it as fast as you can drill holes in the ground. if you use water injection and pump a well too quickly, you can permanently damage the reservoir and reduce the amount of recoverable oil it contains.

yes, you can always spend more on exploration, but large discoveries are becoming more and more rare. yes, there is lots of oil to be had from tar sands and shale, but it's "scraping the bottom of the barrel" as far as oil resources go, because it is very difficult to extract. for tar sands extraction, for example, massive amounts of natural gas and/or electricity is needed - and in order to fully exploit this resource, it's quite possible that several nuclear power stations would have to be built - which would take years, if not decades.

the problems we are seeing now are due to imbalances in supply versus demand. moreso than in most industries, supply cannot immediately be increased to meet demand, there is quite a bit of lag time in order to exploit new sources of oil. as such, we can expect to see high prices or even shortages for the time being.



Peak oil is here.
Link Posted: 4/17/2006 1:43:43 PM EST

Originally Posted By sirensong:

Originally Posted By NutOfGuns:

Originally Posted By fossil_fuel:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



FILTHY SOCIALIST!

WHY DO YOU HATE CAPITALISM AND FREEDOM SO MUCH!!!????



I don't know. It just seems like there fucking us in the asses thats all. I don't like getting raped by some oil company. Fucking capitalism always fucks you in the long run.



dear god--no one can be this stupid. this has to be someone's joke/troll alias.

in the unlikely event that you actually feel this way, remember this:

you are responsible for anything that happens to you.

if you are getting "fucked in the ass" by capitalism, it is simply because you are too weak to take care of yourself.

you have the ability to invest in oil companies, and thus use the current pricing to your advantage. you have this ability because we live in a nation of freedom.

so cowboy up and take charge of your own life.

if you don't, you deserve to get fucked.



this sums it up:

Link Posted: 4/17/2006 1:46:38 PM EST
[Last Edit: 4/17/2006 1:48:22 PM EST by fossil_fuel]

Originally Posted By TacticalMan:
It has already come out that some Big-Money types have realized this. They understand that they can speculate in oil, drive up the prices, dump and make a ton of cash in the short term (<5yrs).

There is no shortage of supply driving up prices, it is all speculation driving the prices. You WILL pay. These guys DO have you by the balls, at least in the near term.

Google "richard rainwater oil".



the supply situation is currently tight, and the reason that speculators have been driving up the prices is because there are serious concerns that the supply situation may become even tighter in the future. venezuela is hostile and nationalizing it's oil industry, rebels in nigeria are starting to target oil infrastructure, a possible war is looming with iran, and there are growing concerns that some of saudi arabia's largest fields may be experiencing production declines - although no one really knows for sure but the saudis themselves, who are very very secretive with certain data on their fields. not to mention the hurricanes which hit the US domestic industry hard last fall, and meteorologists predicting that the gulf will likely be hit hard again this summer due to the unusually warm winter we've had leading to a nastier hurricane season. there are many many pressures on the supply side of the equation right now driving up prices, other than simple speculation.




No, as long as the prices are this high, we won't ever see a shortage!
Simple economics.



as long as the socialist entitlement mentality is alive and well in this country, there's a very real possibility that we could see price controls again, like we saw in the first energy crisis, which led to shortages. which is why i said that we will see high prices OR shortages.

although high prices don't necessarily prevent shortages - look what happened immediately after katrina. prices shot up, but some stations ran out of gas to sell because of the rush of emergency buying.
Link Posted: 4/17/2006 1:49:40 PM EST
PEAK OIL AND PEAK AMMO!


OH TEH NOES!!!!!111111111!!!!!!!111111
Link Posted: 4/17/2006 1:51:59 PM EST
Price for regular was $2.55 yesterday, $2.63 today, bet it hits $2.70 tomorrow.
Link Posted: 4/17/2006 1:58:26 PM EST
w00t.

Business is good.

I need to buy some oil wells........seriously.
Link Posted: 4/17/2006 2:04:58 PM EST

Originally Posted By Bobby_the_Hun:
Price for regular was $2.55 yesterday, $2.63 today, bet it hits $2.70 tomorrow.



4.00/gallon by the 4th of July.
Link Posted: 4/17/2006 2:06:45 PM EST
[Last Edit: 4/17/2006 2:08:33 PM EST by bulldog1967]

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.





Link Posted: 4/17/2006 2:07:57 PM EST

Originally Posted By XDBACKUPGUN:

Originally Posted By Bobby_the_Hun:
Price for regular was $2.55 yesterday, $2.63 today, bet it hits $2.70 tomorrow.



4.00/gallon by the 4th of July.



my guess 5 bucks on a peak (we do iran?) before labor day..
Link Posted: 4/17/2006 2:08:30 PM EST
guess that Harley that's been sitting in my Garage all winter long will come in handy this summer.

~Dg84
Link Posted: 4/17/2006 2:11:34 PM EST

Originally Posted By krpind:
w00t.

Business is good.

I need to buy some oil wells........seriously.



wanna invest.. ethanol...
Link Posted: 4/17/2006 2:46:30 PM EST

Originally Posted By Bobby_the_Hun:
Price for regular was $2.55 yesterday, $2.63 today, bet it hits $2.70 tomorrow.



Just went from 2.75 this mornig to 2.85. Hopefully an alternative comes around soon. The Arabs just figured out how to beat us. They know they can't beat us Militarily, so they use our own economic system against us.

Kind of ironic and sad
Link Posted: 4/17/2006 3:02:27 PM EST

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



<<<14mpg here..

Sad part is, I have a 4banger pickup that gets 28~30 depending on my right foot and I still drive my Jeep to work (17miles each way) almost every day
Link Posted: 4/17/2006 3:04:02 PM EST
[Last Edit: 4/17/2006 3:07:46 PM EST by Tim84K10]

Originally Posted By NutOfGuns:

Originally Posted By fossil_fuel:

Originally Posted By NutOfGuns:
IT's all fucking bull shit the goverment should say they can only make a 2 cent profit on every gallon of oil. Watch it drop back down to 1.03$.



FILTHY SOCIALIST!

WHY DO YOU HATE CAPITALISM AND FREEDOM SO MUCH!!!????



I don't know. It just seems like there fucking us in the asses thats all. I don't like getting raped by some oil company. Fucking capitalism always fucks you in the long run.



Unless you invest in these companies, then you expect them to help you profit.

My truck runs on ethenol, and I do buy it, but ultimately, ethanol takes more energy to produce than we can get from it.
Link Posted: 4/17/2006 3:21:11 PM EST

Originally Posted By NutOfGuns:

Originally Posted By Gunner1X:
My Jeep gets 13 MPG and I don't give a crap!



Hey you can drive a 169 miles with that if it has a 10 gallon fuel tank. Thats like from the gas station in new york city to the one almost in boston.

The oil company is going to put them sells out of business. I hope the car companies just help them a little bit that is help them go out. I would like one of those hydrogen cars.



WOW 13 mpg , 10 gallons, 10 X 13 = 130, not 169

Between the sheer ignorance is simple supply and demand economics, added with terrible math makes this the dumbest thread ever on afrcom

and yes I understand how bold that statement really is.
Arrow Left Previous Page
Page / 2
Top Top